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Why Apple Stock Is Losing Flavor Premarket Today
Friday, August 4, 2023 - 5:08am | 393Apple, Inc. (NASDAQ:AAPL) shares traded down in premarket trading on Friday as softer fiscal year third-quarter hardware product sales, with the exception of Macs, and disappointing September quarter guidance warded off investors. The company reported third-quarter earnings of $1.26 per share and...
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Apple Q3 Sneaks Past Estimates On Services Strength, But Stock Drops As iPhone, iPad Revenues Come In Light
Thursday, August 3, 2023 - 5:02pm | 944Apple, Inc. (NASDAQ:AAPL) announced fiscal year third-quarter results that came in ahead of expectations, propelled by strong Service sector growth. The company also said its installed devices of active bases rose to a record. While Mac sales exceeded expectations, the rest of the product...
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What's Going On With Apple Stock Ahead Of June-Quarter Results?
Thursday, August 3, 2023 - 8:14am | 530Shares of Apple, Inc. (NASDAQ:AAPL) were modestly lower in premarket trading on Thursday, inspired by the broader market negativity. When Cook Talks, Everyone Listens: Cupertino's fiscal year third-quarter results due after the market close and the management commentary on the earnings call have...
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Apple Analysts Upbeat Ahead Of Tech Giant's Q3 Print: Why Earnings Could Be Positive Catalyst Driving Stock Higher
Wednesday, August 2, 2023 - 3:39pm | 711Apple, Inc. (NASDAQ:AAPL) shares are getting hammered Wednesday as they get caught in the maelstrom of the weakness induced by Fitch's downgrade of the sovereign rating of the U.S. The sell-off comes just ahead of the company's fiscal year third-quarter earnings release date. Cupertino is scheduled...
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Qualcomm Earnings Preview: Poised To Outperform Despite Chip Excess Concerns, Analyst Predicts
Tuesday, August 1, 2023 - 11:38am | 561San Diego, California-based semiconductor and wireless telecommunications maker Qualcomm Inc (NASDAQ:QCOM) is set to issue third-quarter fiscal 2023 earnings on Wednesday after the closing bell, here's what investors need to know.Earnings, By The numbers: Investors expect Qualcomm to issue earnings...
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Why This Apple, Qualcomm Analyst Says The Stocks Are Vulnerable To Shift In Consumer Spending
Friday, April 1, 2022 - 12:12pm | 626Apple, Inc. (NASDAQ: AAPL) and Qualcomm, Inc. (NASDAQ: QCOM) are among the high-profile tech names that have consistently delivered due to superior fundamentals and strong market positioning. Here's why a JPMorgan analyst is dropping the two stocks from the firm's focus list. The...
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What Do The Lead Times For Apple's New iPhone SE Tell Us About Demand?
Monday, March 21, 2022 - 10:22am | 447Apple, Inc. (NASDAQ: AAPL) launched its much-awaited budget model iPhone SE earlier this month, and the smartphone is widely expected to give a big volume push to the company's flagship product. The Apple Analyst: JPMorgan Samik Chatterjee reiterated an Overweight rating on Apple with a...
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Apple Gets New Street-High Price Target: 'Top Pick Into 2022'
Monday, December 13, 2021 - 3:19pm | 480Apple, Inc. (NASDAQ: AAPL) is on the cusp of topping a $3 trillion market capitalization, potentially becoming the first company to do so. Monday, the company's shares received a Wall Street-high price target from an analyst at JPMorgan Securities. The Apple Analyst: Samik Chatterjee...
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Apple Shares Hit Record High: What The Street Is Saying
Wednesday, July 14, 2021 - 11:16am | 509After a sluggish first half of 2021, Apple Inc. (NASDAQ: AAPL) shares are slowly and steadily picking up momentum. Since the start of July, the stock has gained over 6% and is perched at a record high. Why JPMorgan Is Bullish On Apple: JPMorgan analyst Samik Chatterjee, who last week...
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Why This Apple Stock Analyst Says It's Time To Buy
Tuesday, July 6, 2021 - 11:23am | 464After a not-so-enterprising first-half, Apple, Inc. (NASDAQ: AAPL) shares may be getting ready to take off in a big way, according to a JPMorgan analyst. The Apple Analyst: Samik Chatterjee maintained an Overweight rating on Apple shares and increased the price target from $165 to $170...
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Apple Analysts Say It's 'Difficult For Investors To Step Away' With Further Upside Potential
Tuesday, September 1, 2020 - 5:15pm | 542Despite the record run, analysts are unequivocal on further upside for Apple Inc. (NASDAQ: AAPL). BofA Securities analyst Wamsi Mohan reiterated a Neutral rating on Apple, citing balanced risk-reward, but increased the split-adjusted price target from $117.50 to $140. JPMorgan analyst...
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Here Comes 5G Benefit: Sell-Side Likes Qualcomm's Coming Year
Thursday, November 7, 2019 - 11:39am | 554Qualcomm Inc's. (NASDAQ: QCOM) strong fourth-quarter results pleased sell-side analysts, but the driving factor in much of the bullishness is the ramp up of 5G, expected to bolster the company's bottom line starting next year. Investors were also bullish on the chip maker, buying its stock...
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What's Driving Apple's Stock To All-Time Highs?
Friday, October 11, 2019 - 2:56pm | 874Apple shares were trading above $236 Friday afternoon, building on the positive momentum seen for much of the year. The stock's previous peak was $233.47, hit on Oct. 3, 2018. The stock shed about 6% in 2018, dragged down by poor reception to the iPhone 10 line-up launched in the year, the...
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Analysts: Apple Well-Positioned To Drive Market Share Gains With 2020 Product Cycle
Monday, September 30, 2019 - 2:27pm | 511Apple Inc. (NASDAQ: AAPL) shares have been picking up momentum since the Sept. 10 launch of the latest iteration of its flagship product, the iPhone. The sell-side is increasingly upbeat on the prospects of the product cycle, especially after the lukewarm showing by the iPhone 10 lineup...
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JPMorgan Raises Apple Price Target
Tuesday, July 9, 2019 - 10:17am | 384Slowing iPhone demand has been a thorn in the side of Apple, Inc. (NASDAQ: AAPL) in recent quarters, but one Wall Street analyst raised his price target for Apple and said the next class of iPhones will be well-received. The Analyst JPMorgan analyst Samik Chatterjee reiterated his Outperform rating...